Starting a business: Procedures required - Men (number) in South Korea
South Korea: Starting a business: Procedures required - Men was 3 number in 2019. ▼ Falling
Starting a business: Procedures required - Men in South Korea, 2003–2019
Source: World Bank. Measured in number.
Analysis
In 2019, starting a business: procedures required - men in South Korea stood at 3 number. That is the lowest value across all 17 years on record.
The figure is down 62.5% over ten years.
Over the whole period, starting a business: procedures required - men in South Korea peaked at 10 number in 2003 and was at its lowest, 3 number, in 2016.
South Korea ranks 164th of 191 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 17 years of available data.
Starting a business: Procedures required - Men in South Korea, year by year
| Year | number | Change |
|---|---|---|
| 2003 | 10 number | — |
| 2004 | 10 number | +0.0% |
| 2005 | 10 number | +0.0% |
| 2006 | 10 number | +0.0% |
| 2007 | 10 number | +0.0% |
| 2008 | 10 number | +0.0% |
| 2009 | 8 number | -20.0% |
| 2010 | 8 number | +0.0% |
| 2011 | 6 number | -25.0% |
| 2012 | 4 number | -33.3% |
| 2013 | 4 number | +0.0% |
| 2014 | 4 number | +0.0% |
| 2015 | 4 number | +0.0% |
| 2016 | 3 number | -25.0% |
| 2017 | 3 number | +0.0% |
| 2018 | 3 number | +0.0% |
| 2019 | 3 number | +0.0% |
South Korea compared with similar countries
- South Korea's 3 number is below the median for high income countries, which is 5 number, 60% of the median. (62 countries reporting)
- South Korea's 3 number is below the median for East Asia & Pacific, which is 6.5 number, 46% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.71 number | 8 number | 10 number | 7 |
| 2010s | 4.2 number | 3 number | 8 number | 10 |
Countries ranked near South Korea
- 164 Armenia 3 number compare
- 164 Australia 3 number compare
- 164 Azerbaijan 3 number compare
- 164 Brunei 3 number compare
- 164 Burkina Faso 3 number compare
- 164 Estonia 3 number compare
- 164 Finland 3 number compare
- 164 Greece 3 number compare
- 164 Ireland 3 number compare
- 164 Israel 3 number compare
- 164 Kosovo 3 number compare
- 164 Moldova 3 number compare
- 164 Saudi Arabia 3 number compare
- 164 Slovenia 3 number compare
- 164 Taiwan 3 number compare
- 164 Tajikistan 3 number compare
- 164 Togo 3 number compare
- 164 Tunisia 3 number compare
- 164 Uzbekistan 3 number compare
- 164 Kosovo (UNSCR 1244) 3 number compare
More private sector data for South Korea
- Merchandise trade 71.6% (2025)
- Food imports 6.3% (2024)
- Manufactures imports 60.1% (2024)
- Merchandise imports 631.89 billion current US$ (2025)
- Food exports 1.6% (2024)
- Manufactures exports 87.3% (2024)
- Merchandise exports 709.33 billion current US$ (2025)
- Merchandise exports (current US$), per capita 13,724 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.3788 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 3.76 % change on previous year (2025)
Frequently asked questions
- What is starting a business: procedures required - men in South Korea?
- Starting a business: procedures required - men in South Korea was 3 number in 2019, according to the World Bank.
- What is the highest starting a business: procedures required - men recorded in South Korea?
- The highest recorded value was 10 number in 2003.
- What is the lowest starting a business: procedures required - men recorded in South Korea?
- The lowest recorded value was 3 number in 2016.
- How does South Korea rank for starting a business: procedures required - men?
- South Korea ranks 164th out of 191 countries with data for 2019.
- Is starting a business: procedures required - men rising or falling in South Korea?
- Over the last ten years it is down 62.5%. The long-run trend across the full record is falling.
- Where does this South Korea data come from?
- The figures come from the World Bank, published as part of Starting a business: Procedures required - Men (number). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The number of procedures for men records all the procedures required in practice for five male married entrepreneurs to start and operate a local limited liability company. A procedure is de?ned as any interaction of the company founders with external parties. Both pre- and post-incorporation procedures that are officially required or commonly done in practice are recorded.